From Money Morning Staff Reports U.S. Treasury Secretary Henry M. “Hank” Paulson Jr. warned former Washington Mutual Inc. (OTC: WAMUQ) Chief Executive Officer Kerry Killinger to sell the thrift to JPMorgan Chase & Co. (JPM) two months before WaMu failed, both The Seattle Times and Bloomberg News reported. According to the published reports, Paulson telephoned […]
Archives for November 2008
November 2008 - Page 8 of 10 - Money Morning - Only the News You Can Profit From
Apple Inc. (Nasdaq: AAPL) used to rule its niche world and will continue to do so, with lots of room to grow. As Coldplay’s “I used to rule the world…” played softly on the outside stereo speakers of my sailboat “Southern Cross” as my family and I pleasantly glided by Execution Rock on a gorgeous […]
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report China unveiled yesterday (Sunday) what it described as a “massive” economic stimulus package – a planned capital infusion of $586 billion that it plans to use to reverse its slowing growth, to loosen credit and to offset slowing global growth by stoking domestic demand. Xinhua, China's […]
By Jason Simpkins Associate Editor Money Morning America’s two leading auto manufacturers, Ford Motor Co. (F) and General Motors Corp. (GM), reported heavy third-quarter losses Friday and are under a severe liquidity strain. Both are seeking emergency loans from governments in the United States and Europe. Ford posted a $2.98 billion operating loss for the […]
Experts expect dozens of banks to fail in the months to come.
But how can you tell if your bank could be one of them? Read this report to find out how.
Start the conversation
By Mike Caggeso Associate Editor Money Morning Panasonic Corp. (PC) and Sanyo Electric Co., Ltd. (OTC:SANYY) are hashing out a buyout plan that – if approved by shareholders and regulators – would cement Panasonic’s status as a global electronics leader. Board members of each company are sitting down with the plan to roll Sanyo into […]
By William Patalon III Executive Editor Money Morning/The Money Map Report For The Boeing Co. (BA), the strike may be over, but the fallout continues. Just days after resolving an eight-week strike by 27,000 unionized machinist workers, the Chicago-based aerospace giant announced that the job action will force it to delay the first test flight […]
Retailers 3Q Earnings Dismal; Cisco Sees Small Biz Sales Growth; Blackstone Posts $502 million 3Q Loss; IEA Sees $100 Oil Average; Mattel Toying with Job Cuts; Direct TV Earnings Up; Fidelity Cuts 1,300 jobs; Jobless Claims Fall October sales dropped for big-name retailers Macy’s Inc. (M), Target Corp. (TGT) and Gap Inc. (GPS) a result […]
By Mike Caggeso Associate Editor Money Morning It’s got to be frustrating for Jerry Yang. The 40-year-old co-founder and CEO of Yahoo! Inc. (YHOO) is sitting on top of the world’s most popular web site, yet he can’t compete with Google Inc.’s (GOOG) more effective search-engine advertising machine. Google rubbed more sand in Yang’s eyes […]
By Martin Hutchinson Contributing Editor Money Morning/The Money Map Report The U.S. Treasury Department announced Nov. 3 that it intended to borrow a record $550 billion in the fourth quarter. That represents a staggering $408 billion increase over Treasury's borrowing estimate from early August and includes $260 billion for the recapitalization of U.S. banks. Make […]